BlockBeats News, April 21st. According to the official announcement, Layer 1 blockchain Pharos has released its tokenomics for the PROS token, with a total token supply of 1 billion. The initial token distribution is as follows: Foundation Treasury 16%, Lab Co. Treasury 9%, Team 20%, Investors 20%, Ecosystem and Community 21% (including a 6% community airdrop: 1% unlocked at TGE, 5% for future community growth and airdrop incentives), and Node & Liquidity Incentives 14%.

Notably, both the core team and private sale investors have a 12-month lock-up period with a 36-month linear release, while some treasury and incentive allocations extend to 48 to 60 months. PROS will be used for transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential Real World Asset-specific use cases. The staking issuance policy will be phased: 0% inflation rate for the first six months post mainnet launch, 5% annual inflation starting from the seventh month, with subsequent adjustments made dynamically by the foundation based on network operation.

In September last year, Sequoia Capital announced a strategic investment in Pharos and formed a strategic partnership with Ant Group. Public information also indicates that Pharos Founder and CEO Alex Zhang previously served as CTO at AntChain; Pharos Co-Founder and CTO Meng Wu was formerly Chief Security Officer of Ant Group's Web3 Business; Pharos CMO Laura Shen previously led Solana's mobile marketing at Solana Labs.